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Consider the following statements about the Scheduled Banks in India:1. Any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank.2. To qualify as a scheduled bank, the paid up capital and collected funds of the bank must not be less than Rs 5 lakh.3. Scheduled Banks are eligible for loans from the Reserve Bank of India at bank rate and are given membership to clearinghouses.Which of the above statements are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements about the Scheduled Banks in India:1. Any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank.2. To qualify as a scheduled bank, the paid up capital and collected funds of the bank must not be less than Rs 5 lakh.3. Scheduled Banks are eligible for loans from the Reserve Bank of India at bank rate and are given membership to clearinghouses.Which of the above statements are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements about the Scheduled Banks in India:1. Any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank.2. To qualify as a scheduled bank, the paid up capital and collected funds of the bank must not be less than Rs 5 lakh.3. Scheduled Banks are eligible for loans from the Reserve Bank of India at bank rate and are given membership to clearinghouses.Which of the above statements are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?.

Solutions for Consider the following statements about the Scheduled Banks in India:1. Any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank.2. To qualify as a scheduled bank, the paid up capital and collected funds of the bank must not be less than Rs 5 lakh.3. Scheduled Banks are eligible for loans from the Reserve Bank of India at bank rate and are given membership to clearinghouses.Which of the above statements are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements about the Scheduled Banks in India:1. Any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank.2. To qualify as a scheduled bank, the paid up capital and collected funds of the bank must not be less than Rs 5 lakh.3. Scheduled Banks are eligible for loans from the Reserve Bank of India at bank rate and are given membership to clearinghouses.Which of the above statements are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements about the Scheduled Banks in India:1. Any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank.2. To qualify as a scheduled bank, the paid up capital and collected funds of the bank must not be less than Rs 5 lakh.3. Scheduled Banks are eligible for loans from the Reserve Bank of India at bank rate and are given membership to clearinghouses.Which of the above statements are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?, a detailed solution for Consider the following statements about the Scheduled Banks in India:1. Any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank.2. To qualify as a scheduled bank, the paid up capital and collected funds of the bank must not be less than Rs 5 lakh.3. Scheduled Banks are eligible for loans from the Reserve Bank of India at bank rate and are given membership to clearinghouses.Which of the above statements are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? has been provided alongside types of Consider the following statements about the Scheduled Banks in India:1. Any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank.2. To qualify as a scheduled bank, the paid up capital and collected funds of the bank must not be less than Rs 5 lakh.3. Scheduled Banks are eligible for loans from the Reserve Bank of India at bank rate and are given membership to clearinghouses.Which of the above statements are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements about the Scheduled Banks in India:1. Any bank which is listed in the 2nd schedule of the Reserve Bank of India Act, 1934 is considered a scheduled bank.2. To qualify as a scheduled bank, the paid up capital and collected funds of the bank must not be less than Rs 5 lakh.3. Scheduled Banks are eligible for loans from the Reserve Bank of India at bank rate and are given membership to clearinghouses.Which of the above statements are correct?a)1 and 2 onlyb)2 and 3 onlyc)1 and 3 onlyd)1, 2 and 3Correct answer is option 'D'. Can you explain this answer? tests, examples and also practice UPSC tests.